As technical director of the Financial Accounting Standards Board, Russell G. Golden is the person to whom bankers have been addressing their comment letters on a controversial proposal that would expand the use of fair value. Starting Oct. 1, bankers will be even more interested in seeking Golden's attention.

The FASB said Friday that Golden would take the seat of Robert Herz, who plans to retire Sept. 30. The appointment makes him one of five people — and eventually one of seven, as the FASB plans to expand its board membership by two — who will determine the fate of the fair value proposal.

Board member Leslie F. Seidman already has been selected to take over Herz's duties as chairman, on an interim basis. Friday's announcement did not change that plan.

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